Creative Industries Minister Martin Foley said the redevelopment would improve the library for all Victorians.

“Our State Library is a centre of knowledge, inspiration and innovation. It’s also Australia’s oldest and most used public library,” Mr Foley said.

“The calibre of this consortium will bring our library to life in new and exciting ways – making an even better experience for Victorians and visitors alike, and adding to Melbourne’s reputation as city of world-class design.”